Owopariola001:
Lol. You guys should learn from the exposed and experienced people, not the Aba-made 3rd class politicians.

Cure your ignorance below.

Oplomo:
His Economic solution: Tinubu's solution to economic recession is to print more Naira notes.

LWKMD.

His Security solution : His solution to fighting insecurity is the forceful conscription of 50 million youths into the military and feeding them with Agbado (corn) and cassava in the bushes.


This man clearly has nothing to offer, he is only out to fulfill his personal ambitions.

He has made it easy for Nigerians to decide who to vote. Of course, he won't be getting votes from any sensible human.


https://punchng.com/coronavirus-print-more-naira-notes-tinubu-tells-fg/

Mstick:
Oga printing money like the commenters in your screenshot also pointed out will only work in a productive economy not an economy where the printed money will be converted to dollars and stashed in a foreign account.

You clowns just take screenshots without reading through, what do we produce in this country to bring in dollars, even the oil we have we still import using dollars.

Owopariola001:
Lol. You guys should learn from the exposed and experienced people, not the Aba-made 3rd class politicians.

Cure your ignorance below.

Mstick:


The last screenshot YOU posted said printing money isn't bad but only bad when it's overdone.

Queenslander:
Bushman,. Did you read the article? Or you only read the headline? Ehh..

When it is a tailor, mechanic, plumber, teacher, cook etc. You look for the best, or even a doctor, but when it comes to a leader who creates policies that affects your security and ability to earn a living. You allow sentiments and extreme bigoty to the overriding factor..

Who bewitched you? ☹️

Owopariola001:


Ode ni e.

If they want to do your assumption of "the printed money will be converted to dollars and stashed in a foreign account, " do they need covid-19 to do that? Won't they be doing that before and after covid-19?

You're such a block head walahi.

Where are talking about rescuing the economy during the trying times, you're saying rubbish.

Printing money works in both trying times and productive times. It only depends on how the Central Banks of a Country manage the situation.

Owopariola001:


Another Ode.

Tell me what is wrong in what Tinubu said:

Tinubu added, “Already, the price of oil has fallen to less than 30 dollars a barrel. This will bring a dollar shortfall. This does not, however, necessitate a corresponding shortfall in public sector naira expenditures.

“The US controls dollar issuance. We control naira issuance as is our sovereign right. Just as America has used its sovereign right to issue its currency to stave economic disaster, so too may Nigeria issue naira for the same purpose."

Mstick:
My brother between you and I who is the ode?

The central bank has currently printed over 120% how has it impacted the economy?

The just concluded party primaries shebi the delegates where paid in Naira? So the over printed naira was used to chase the scare dollars right?

Tinubu that bought houses for his daughters in the US did he pay in Naira or dollars?

Ekweremadu that was caught in the UK was he caught with Naira or dollars?


When the NNPC are quoting their financial deficits do they quote naira or dollars?

When the manufacturers in Nigeria want to purchase materials abroad do they pay in Naira or dollars?

I don't understand the bolded part of your comments but I will let you know something, we cannot pretend like we don't know our politicians stash their funds in foreign banks.

Rescuing the economy by over printing money and there by rendering the naira more worthless than it already is and you calling me a block head.

I will say it again, no intelligent human being will support Tinubu, it's not possible.

Mstick:
You and your Tinubu are both block heads, you can use dollars to trade in every country in the world but can you use Naira to buy goods from a shop in Ghana?

If He wants to control Naira issuance then he can start by converting all his stashed funds to Naira and selling his foreign houses.

Una too mumu.

Mstick:
Oga printing money like the commenters in your screenshot also pointed out will only work in a productive economy not an economy where the printed money will be converted to dollars and stashed in a foreign account.

You clowns just take screenshots without reading through, what do we produce in this country to bring in dollars, even the oil we have we still import using dollars.


The last screenshot YOU posted said printing money isn't bad but only bad when it's overdone. Currently the Excessive Printing of the currency has caused the Aggressive Naira depreciation. There is too much Money Supply. CBN money printing and borrowings to FG, isn't supposed to exceed 5%. Right now, it is over 120%

Owopariola001:


Ode, the ordinary Nigerians in this country, are trading in dollars?
To take a cab, are you paying in dollars?
To buy zobo, are you paying dollars?
To buy akamu, are you paying dollars?

I still maintain it, Ode ni e.

Owopariola001:


Ooh?! You or your close associates were part of the delegates that receive the dollars, right? Where is your evidence, don't just assume to argue.



Lol. All Nigerian politicians including Tinubu don't have money of their own. They all stole Nigerian government money. Hence, Tinubu used stolen dollars from Nigerian government to buy houses in US.

But if it is you or your father that buy houses in foreign land, it is your hard earned money.

Listen to your reasoning.



How will you understand?

When you start arguing based on imaginary assumptions that suit your narrative without evidence, you end up sounding confused.

Daguga:


I think your response says it all. Some may not understand this because money meant for their education was stolen by the same corrupt persons they are giving support to. It's a pity.

Mstick:
Oga you're an illiterate.

Let me tell you how dollar effects even the pure water seller.

First of all Nigeria imports fuel, what do they buy the fuel in? Dollars. So a pure water factory buys their machine from abroad, what do they buy it with? Dollars.
A rubber maker buys raw material and machinery from abroad,what do they buy with? Dollars.

So a man wakes up and he wants to sell pure water, he goes to the rubber factory to buy his rubber, the rubber makers will factor in their production costs and since they bought dollar and fuel at a higher price their production costs will be higher and now pure water seller will bear the cost of this increase.

He goes to the pure water factory and the same scenario plays out.

He buys the pure water, he need to buy ice block the ice block seller has increased the price of ice block, why? Because the ice block seller bought fuel and his nylon bags at a higher rate because of what? Dollars.

So it's insane that a person living in a country where NOTHING is 100% produced asking how dollars effects ordinary NIGERIANS.

Even the cab drivers where do they get their spare parts from? The sellers of those spare parts don't they buy in dollars?

The bottles Zobo is being sold in even the flavor are they not bought with Dollars?

The Akamu sellers, the nylon bag she uses was the materials used to make it not bought in dollars?

Like I said you cannot be a Tinubu supporter and claim to be intelligent.

Owopariola001:


Ode, do I need to push it into your eyes?
Well, maybe you have a comprehension disorder.

Read this carefully:

Tinubu added, “Already, the price of oil has fallen to less than 30 dollars a barrel. This will bring a dollar shortfall. This does not, however, necessitate a corresponding shortfall in public sector naira expenditures

The bolded part is the reason for the need to print more naira.

If you don't know, we have public sector naira expenditures which differ from dollar expenditures. These public sector naira expenditures include pension, salary, etc.

Does the government pay these in dollars? I still insist that you're Ode!

Do you understand English at all?

Mstick:
Nigeria really needs to invest in education, read what you've written and quoted and ask yourself if it made sense.

The pensions and salaries paid wouldn't it be used to buy products imported in dollars?

Mtchewwwwwwwwww.

Mstick:
Too many mumus in this country my brother, it would have been cool if they limit their foolîshness to their houses and village meetings.

Imagine asking me how dollar rate affects and ordinary Nigerian.

Owopariola001:


Ode, do I need to push it into your eyes?
Well, maybe you have a comprehension disorder.

Read this carefully:

Tinubu added, “Already, the price of oil has fallen to less than 30 dollars a barrel. This will bring a dollar shortfall. This does not, however, necessitate a corresponding shortfall in public sector naira expenditures

The bolded part is the reason for the need to print more naira.

If you don't know, we have public sector naira expenditures which differ from dollar expenditures. These public sector naira expenditures include pension, salary, etc.

Does the government pay these in dollars? I still insist that you're Ode!

Do you understand English at all?